The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Technical analysis:
Gold has been trading downside in the background but I found that supply overcame demand, which is good sign for the further downside movement.
Due to the rejection of the resistance level in the background and supply present, I see potential for the further drop towards lower references.
Downside objectives are set at $2.032 and $2.017
RSI oscillator is showing downside rotation toward 50 level, which is sign od indecision and the breakout of the rising lows.
Key resistance is set at $1.270
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
